Economy

“U.S. budget deficit surged in February, passing $1 trillion for year-to-date record”

“…Government spending eased slightly on a monthly basis though it still far outpaced revenue, according to a Treasury Department statement Wednesday. The deficit totaled just over $307 billion for the month, nearly 2½ times what it was in January and… Continue Reading…

Economy

“US trade deficit hits record high in January on imports surge”

“…The trade gap surged 34.0% to an all-time high of $131.4 billion from a revised $98.1 billion in December, the Commerce Department’s Bureau of Economic Analysis (BEA) said on Thursday. The percentage change was the largest since March 2015. Economists… Continue Reading…

Stocks

“Major global chip stocks rally on Micron’s surge; ASML up 4%”

“Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share price. Samsung Electronics and SK Hynix both saw their shares rise on Thursday in South Korea. Dutch semiconductor… Continue Reading…

Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

Stocks

“Morgan Stanley Predicts up to ~230% Surge for These 2 ‘Strong Buy’ Stocks”

“CervoMed (CRVO) The first Morgan Stanley pick we’ll look at is CervoMed, a clinical-stage medical research firm specializing in neurodegenerative diseases and conditions… Overall, the analyst expects positive clinical results and rates CRVO an Overweight (i.e., Buy). His $35 price… Continue Reading…

Banking, Economy

“Treasuries Surge as Traders Bet on Emergency Fed Rate Cut”

“Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head… Continue Reading…

Stocks

“Goldman Sachs Predicts up to 165% Surge for These 2 ‘Strong Buy’ Stocks”

“…RegenXBio (RGNX) The first Goldman pick we’ll look at is RegenXBio, a gene therapy company specializing in single-dose treatments for severe diseases with few or no existing therapies….  Choi rates RGNX a Buy along with a $38 price target. This… Continue Reading…

Stocks

“Meta’s 450% Surge Offers Potential for Next Tech Stock Split”

“Meta is the only stock in the so-called Magnificent Seven that hasn’t ever split shares. And, though the stock is off all-time highs hit in April, it’s up more than 450% from a 2022 trough. Trading at more than $500… Continue Reading…

Business, Economy

“Generative AI Sales Could Surge 2,026%: Here’s My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)”

“…Bloomberg Intelligence says generative AI sales across hardware, software, and services could soar 2,026% to $1.4 trillion by 2032. That puts investors in front of a once-in-a-generation opportunity… Alphabet shares trade at a reasonable valuation Going forward, digital ad spending… Continue Reading…

Stocks

“Bank of America Predicts up to ~200% Surge for These 2 ‘Strong Buy’ Stocks”

“Sutro Biopharma (STRO)… “We think that luvelta has the potential to treat up to 80% of PROC patients, a significant improvement over the ~30% eligible for AbbVie’s Elahere (approved FolRα ADC)… Overall, the Strong Buy consensus rating on STRO is based… Continue Reading…